Macronix International Refutes Report of General Manager Projecting Gross Margin
Macronix International (TPE:2337) clarified that a media report quoting its general manager as saying an 80% gross margin is achievable if strong market conditions continue does not constitute official company guidance, according to a Wednesday filing with the Taiwan Exchange.The clarification followed a report by Taiwan's Economic Daily News stating that General Manager C.Y. Lu was optimistic that the company could achieve an 80% gross margin if favorable market momentum persists.Shares of the non-volatile memory chip manufacturer were down 10% in Wednesday trading.Macronix said it does not provide financial forecasts and that its financial and business information should be based solely on disclosures filed through Taiwan's Market Observation Post System (MOPS).